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Quilter Cheviot to acquire Attivo Investment Management

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Quilter Cheviot, part of Old Mutual Wealth, is to acquire Attivo Investment Management for an undisclosed fee.

Regulatory approval has been given for this acquisition, which will complete in Q1 2017.
 
Attivo Investment Management is a discretionary investment management business, operating as a wholly owned subsidiary of Attivo Group. With GBP300 million AUM, Attivo Investment Management operates from its head office in Cheltenham and an office in London.
 
Clients of the acquired business will be managed jointly from Quilter Cheviot’s Bristol and London offices, by James Rodgers, head of Bristol office, and William Reid, head of charities, respectively.
 
David Loudon (pictured), chief executive of Quilter Cheviot, says: “We are excited about the opportunity to build our business in Southern England as a result of the acquisition of Attivo Investment Management. This development demonstrates our commitment to a proactive growth strategy and is a statement of our confidence in the UK’s economy. We are actively seeking to acquire wealth management books of business to help support our organic growth and move further towards Old Mutual Wealth’s goal of becoming the UK’s leading wealth management business.
 
“At Quilter Cheviot, we are experts in providing discretionary investment management to help preserve and build the wealth of our clients. We are pleased to be able to extend this expertise to Attivo Investment Management’s clients.”
 
Stephen Harper, chief executive of Attivo Group, adds: “We are pleased to have agreed with Quilter Cheviot to transfer Attivo Investment Management to a company, which like us, places the utmost importance on putting clients first. Attivo Group’s focus has always been to be an independent financial planning business and the transfer of the investment management business reinforces our commitment to offering truly independent financial planning through Attivo Financial Planning.”

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